Milk powder is an instant source to make milk for those who lack refrigeration process in keeping the milk. Besides, it is easy to carry while travelling and can be easily used by just mixing water with it. Currently, the demand for processed and packaged food item among young people is more due to their busy schedule and easy availability of ready-to-drink beverages in the global market, driving the milk powder market. According to Renub Research, Global Milk Powder Market is expected to be US$ 42 Billion by 2027.
The milk powder is made for increasing the shelf life of milk and is prepared by dehydrating the raw milk into a roller and spray drying and has multiple uses in manufacturing dairy products. Milk powder is used as a ready-to-drink beverage. Moreover, it is used for the thickening purpose of dairy products. Milk powder provides different benefits regarding health due to its high protein and vitamins constituents. As the demand for confectionery and bakery items in the entire globe increases, milk powder's need would surge rapidly.
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The whole milk is found in the natural form in the market, but people avoid it in their regular diet schedule due to its weight concerns, leading to the demand for skim milk powder market. Moreover, whole milk powder has high calories, and thus it is beneficial for high calories intake people. The Asia-Pacific region is the fastest-growing market as the demand for milk powder increases due to the change in consumers' lifestyle. Dry milk powder is also driving the market of processed and packaged food globally. In India, there was a production of 210 Thousand Metric Tons of milk powder in the year 2020. As per our research findings, Global Milk Powder Industry is expected to grow with a CAGR of 4.45% from 2020 to 2027.
Nestlé’s research and development centre recently introduced dairy and infant nutrition businesses worldwide to boost the global infant formula milk powder market. The COVID-19 impact on the global milk powder business was in the supply chain distribution. As per this market research report, Worldwide Milk Powder Market was US$ 31 Billion for the year 2020.
Renub Research report titled "Milk Powder Market Global Forecast By Segment (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Filled Milk Powder, Other Milk Powder), Application (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, Others), Regions (North America, Europe, Asia-Pacific and South America, Middle East & Africa), Company Analysis (Nestle, Danone, Saputo, Arla Foods, Kraft Heinz Company)" provides an all-encompassing analysis on the Global Milk Powder Market.
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